Greek economy braced for impact from Brexit, hopes effect will be limited

Economy

The impact of the UK referendum on Greece will be rather small and limited, Bank of Greece (BoG) sources said on Friday after the majority of British voters backed “Leave,” raising questions about what effect this could have on the Greek economy in the months to come.

According to the central bank, capital controls provide a shield for the domestic economy, at least in the short-term. The same sources added that negative impact on markets and tourism is expected to be only temporary.

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